Shareholders Vote

Regulator's report won't come until after shareholders vote

A Massachusetts investigation into Procter and Gamble's purchase of Boston-based Gillette won't be done before the two companies' shareholders vote on the deal next week.

The state's top securities regulator says he is still investigating whether Gillette got bad advice about the deal from its financial partners. Secretary of State William Galvin said his office is still asking for documents and testimony to finish the review. Gillette shareholders will cast their ballots Tuesday just hours after P&G shareholders vote in Cincinnati.

Galvin is limited to investigating the two investment firms working with Gillette. He has said the company's shareholders might not be getting a fair price for their shares.